Zymfentra US launch
Scope
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Korean food
Korean kimchi makers spur production in US, Australia
South Korean top food makers such as CJ CheilJedang Corp. and Daesang Corp. are expanding their kimchi factories overseas to meet growing demand for...
Apr 15, 2024 (Gmt+09:00)
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Electronics
Samsung to deploy smart home services in Miami
Samsung Electronics Co. announced on Sunday that it will deploy smart home services in the Miami residential complex, Florida with the US-based re...
Apr 15, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Manyo’s Pure Cleansing Oil to hit US Costco shelves in July
South Korea’s naturalism cosmetics company Manyo Co. has hit the jackpot in a deal to supply its best-selling face cleansing product, Pure Cle...
Apr 12, 2024 (Gmt+09:00)
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Artificial intelligence
Hanwha Vision unveils cloud, AI security techs in US
South Korea's Hanwha Vision Co. announced on Friday that it participated in the International Security Conference & Exposition (ISC) 2024, the l...
Apr 12, 2024 (Gmt+09:00)
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Foreign exchange
Won at 17-month low vs dollar on reduced US rate cut bets
The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes...
Apr 11, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS hosts Startup Day in Silicon Valley
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it held the Startup Day i...
Apr 11, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to produce 290-layer V9 NAND to win chip stacking war
Samsung Electronics Co., the world’s largest memory chipmaker, is set to begin mass production of 290-layer ninth-generation vertical (V9) NAN...
Apr 11, 2024 (Gmt+09:00)
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Fashion
Korea’s Sae-A Trading buys US sportswear maker Tegra
South Korean textile maker and supplier Sae-A Trading Co. said on Tuesday it has signed a definitive agreement to acquire US sportswear maker Tegra ...
Apr 09, 2024 (Gmt+09:00)
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Electronics
Doosan unveils advanced CCL lineup at US IT equipment exhibition
South Korea's Doosan Corp. announced on Tuesday that it will showcase its high-end copper-clad layer (CCL) lineup, applicable to memory, system semi...
Apr 09, 2024 (Gmt+09:00)
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Private equity
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Apr 08, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Card launches card for overseas payments
KB Kookmin Card, a credit card unit of KB Financial Group, announced on Monday that it launched the WE:SH Travel credit card that offers benefits sp...
Apr 08, 2024 (Gmt+09:00)
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Aerospace & Defense
Perigee, Hyundai Rotem to team up for SLV
South Korea's Perigee Aerospace Inc. announced on Monday that it signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to expand its bus...
Apr 08, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Aekyung AGE20's to launch cushion foundation in Japan
AGE20's, South Korean cosmetic company Aekyung Industrial Co. 's flagship cosmetic brand, announced that it held a new cushion foundation for a Japa...
Apr 08, 2024 (Gmt+09:00)
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Artificial intelligence
LG Group’s AI academy to foster young talent bears fruit
On April 6, at LG Inwhawon, called LG Academy in English, in Icheon, Gyeonggi Province, 99 college students and twenty-somethings were wrestling wit...
Apr 07, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
Apr 07, 2024 (Gmt+09:00)
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Korean games
Krafton makes local soft launch of mobile game 'Bullet Echo India'
South Korea's gaming giant Krafton Inc. announced on Friday that it soft-launched "Bullet Echo India," developed by global game developer ZeptoLab, ...
Apr 05, 2024 (Gmt+09:00)
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Artificial intelligence
Ably launches virtual fitting AI service
South Korean fashion commerce platform Ably Corp. announced on Friday that it launched a new service The Shopping Mall-Specific Artificial Intellige...
Apr 05, 2024 (Gmt+09:00)
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Petrochemicals
S-Oil gets int’l certification for SAF
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., announced on Thursday that it has achieved the International Sustainability and Carbon ...
Apr 05, 2024 (Gmt+09:00)
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Food & Beverage
CJ Foodville sees record-high operating profit in 2023
CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery chain brand Tous les Jours saw a record-high operatin...
Apr 05, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom to launch metaverse platform in SE Asia
South Korea’s SK Telecom Co. announced on Thursday that it has signed a contract with CelcomDigi Berhad, the leading telecom company in Malays...
Apr 04, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to build advanced packaging plant in Indiana for $3.9 bn
SK Hynix Inc., the world’s leading high bandwidth memory (HBM) chip producer, will plow in $3.87 billion to build advanced packaging and resea...
Apr 04, 2024 (Gmt+09:00)
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Batteries
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Apr 04, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung gains upper hand vs Netlist in $303 million patent dispute
Samsung Electronics Co. has taken the upper hand in its ongoing legal battle against Netlist Inc. over memory chip module patent infringement allega...
Apr 03, 2024 (Gmt+09:00)
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Asset management
Fed rate cuts will be faster than market consensus: TCW
Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...
Apr 02, 2024 (Gmt+09:00)
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Korean startups
Breezm lands in US with plan to open 100 stores in 5 years
Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...
Apr 02, 2024 (Gmt+09:00)
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Batteries
LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Tuesday that the second plant of Ultium Cells LLC, a joint venture ...
Apr 02, 2024 (Gmt+09:00)
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Waste management
Korea Zinc buys US Kataman for $55 mn for recycling business
Korea Zinc Inc., the world’s largest lead and zinc smelter, acquired Kataman Metals LLC, a US-based scrap metal trading company, at $55 millio...
Apr 01, 2024 (Gmt+09:00)
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Retail
Hyundai Department launches Korean brands' global platform
Hyundai Department Store Co., South Korea’s major retail conglomerate, has launched “The Hyundai Global” platform dedicated to pro...
Apr 01, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test
Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...
Apr 01, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung establishes HBM team to up AI chip production yields
Samsung Electronics Co., the world’s No. 1 memory chipmaker, recently set up a high bandwidth memory (HBM) team within the memory chip divisio...
Mar 29, 2024 (Gmt+09:00)